Following further guidance from the Government, City of York Council will now distribute government support grants of up to £25,000 to York businesses.
Many small businesses which receive small or rural business rates relief will receive a payment of £10,000.
Retail, hospitality and leisure businesses, with a rateable value of under £51,000, will receive either £10,000 or £25,000 grants.
The council has created a web form to gather the information required by the government, including VAT registration details.
Councillor Keith Aspden, Leader of City of York Council, said: “The Council has been working hard to to deliver these support packages as quickly as possible, and to date, we have already applied the business rates holiday to over 4000 accounts and have now created a secure new system to process grants totaling nearly £40m across 2500 eligible businesses.
“We have already created our own local support package totalling £1 million to support small and micro businesses in the city, on top of existing government support, and we will continue to act swiftly to support local businesses through these extremely challenging times.”
The council has written to all 2500 businesses it has identified as eligible for the grants.
With many business owners unable to access their premises, the council wants to reach as many businesses as possible through local media, social media and partners and representative bodies across the city.
Councillor Andrew Waller, Executive Member for Economy and Strategic Planning, said: “We’re determined to overcome these obstacles and get these grants to York businesses, and that is why we have contacted all 2,500 businesses identified as eligible for the grants.
“On top of delivering the government’s support, we’ve developed our package to help our creative and resilient business community through these difficult times, including the deferral of rent for our commercial tenants and having made commitments to support our key suppliers.
“We’re also working with York BID, Make it York, the region’s Local Enterprise Partnerships and other partners to speak up on behalf of our business community.”
Which businesses are eligible?
- Small Business Grant Fund
Under the Small Business Grant Fund (SBGF) all businesses in England in receipt of Small Business Rates Relief (SBRR) and Rural Rates Relief (RRR) in the business rates system will be eligible for a payment of £10,000, in line with the eligibility criteria.
- Retail, Hospitality and Leisure Grant
Under the Retail, Hospitality and Leisure Grant (RHLG) businesses in England in receipt of the Expanded Retail Discount (which covers retail, hospitality and leisure) with a rateable value of less than £51,000 will be eligible for the following cash grants per property.
- Eligible businesses with a property that has a rateable value of up to £15,000 will receive a grant of £10,000
- Eligible businesses with a property that has a rateable value of over £15,000 and less than £51,000 will receive a grant of £25,000